Japanese Battery Policy——Interpretation of the new edition of Battery Industry Strategy,
Japanese Battery Policy,
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Before 2000, Japan occupied a leading position in the global battery market. However, in the 21st century, Chinese and Korean battery enterprises rose rapidly with low cost advantages, forming a strong impact on Japan, and the global market share of Japanese battery industry began to decline. Facing the fact that the competitiveness of Japanese battery industry was gradually weakening, the Japanese government issued relevant strategies for many times to promote the development of battery industry.
In 2012, Japan issued Battery Strategy, setting the strategic goal of Japan’s global market share reaching 50% by 2020.
In 2014, Auto Industry Strategy 2014 was announced to clarify the important position of battery in the development of electrical vehicles.
In 2018, the “Fifth Energy Basic Plan” was released, emphasizing the importance of batteries in the construction of “decarbonization” energy systems.
In the new version of 2050 Carbon Neutralization Green Growth Strategy in 2021, the battery and automobile industry are listed as one of the 14 key development industries.
In August 2022, the Ministry of Economy, Trade and Industry (METI) issued a new version of Battery Industry Strategy, which summarized the development experience and lessons of Japanese battery industry since the implementation of Battery Strategy in 2012, and planned detailed implementation rules and technical road map.
Financial support for batteries from various countries.
Governments of major countries have implemented large-scale policy support for batteries. In addition, Europe and the United States have promoted sustainable battery supply chains through restrictive and tax measures.
U.S.
100-day lithium battery supply chain review;
US $2.8 billion in support of domestic battery manufacturing and mineral production;
Products with a high proportion of battery materials and components purchased from North America or FTA contracting countries will be subject to preferential EV tax treatment, in light of the Inflation Reduction Act.
Europe
The establishment of the European Battery Alliance (EBA) with participation of 500 companies;
Battery, material factory financial support and technical development support;
Carbon footprint limits, responsible mineral surveys, and restrictions on recycling materials under (EU)2023/1542.